(Learning Objective 3: Using the balance sheet and the statement of cash fl ows together) Delorme Specialties reported the following at December 31, 20X6 (in thousands):

❙ Requirement 1. Determine the following items for Delorme Specialties during 20X6:

a. Gain or loss on the sale of property and equipment

b. Amount of long-term debt issued for something other than cash Quiz Test your understanding of the statement of cash fl ows by answering the following questions. Select the best choice from among the possible answers given.